Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[cheekychap]

Never seen price so stable before. 244 ALl Day long

[ssmc2]

Bitcoin stolen? Somehow this is bitcoin's fault! If it didn't exist, muggings related to it wouldn't happen!

We should make it entirely useless so as not to risk anyone ever wanting any, and resorting to violence to obtain some.

p.s. there has never been violence in connection with anything else in existence.

To bad that guy on CNN didn't get mugged. If we had that on video, Bitcoin would be blowin up on TV.
Anybody catch wether he tried to spend some of his Bitcoin at McDonalds or not?

lol

[ChartBuddy]

Coin
Explanation

[420]

STFU and fill my bids. 

The wall........................still exists

[empowering]

They are smoking crack in Brussels...

[tarmi]

hi guys!

you are not able to break 250.  

THE “JUMP” ACROSS THE CREEK” ANALOGY

The term “jump” was first used by Robert G. Evans, who piloted the Wyckoff Associates educational enterprise for numerous years after the death of Richard D. Wyckoff. One of his more captivating analogies was the “jump across the creek” (JAC) story he used to explain how a market would break out of a trading range. In the story, the market is symbolised by a Boy Scout, and the trading range by a meandering creek, with its “upper resistance line” defined by the rally peaks within the range. After probing the edge of the creek and discovering that the flow of supply was starting to dry up, the Boy Scout would retreat in order to get a running start to “jump across the creek.” The power of the movement by the Boy Scout would be measured by price spread and volume.

Defining the Jump

A jump is a relatively wider price-spread move made on comparatively higher volume that penetrates outer resistance or support. A backup is a test that immediately follows the jump – a relatively narrow price-spread reaction or rally on comparatively lighter volume that tests and confirms the legitimacy of the preceding jump action.

does this work backwards?  

jump - > dip

[empowering]

Greece, euro zone creditors reach accord on loan

http://www.reuters.com/article/2015/02/20/us-eurozone-greece-idUSKBN0LO0O620150220

" Euro zone finance ministers reached an agreement on Friday to extend heavily indebted Greece's financial rescue by four months, officials on both sides said.

"It's done. For four months," one said."

[itod]

Greece, euro zone creditors reach accord on loan

http://www.reuters.com/article/2015/02/20/us-eurozone-greece-idUSKBN0LO0O620150220

" Euro zone finance ministers reached an agreement on Friday to extend heavily indebted Greece's financial rescue by four months, officials on both sides said.

"It's done. For four months," one said."

Congratulations to Greece, glad to see they move to calmer waters at least for a 4 months.

[NotHatinJustTrollin]

Sealwithclubs site shuts down because of attacks and fear of security.
A pretty famous site that allowed player to play poker betting in bitcoin.


https://sealswithclubs.eu/


"On approximately February 11th, 2015, several events occurred related to operational security that we consider to indicate SealsWithClubs now operates in a perpetual state of jeopardy. "

[billyjoeallen]

jameson was involved in the first 132.79585631 purchase

no alcohol involved in the second purchase

go big or go home

Geez, the USD swap rate is getting up there. Slow your roll, Camo. That's a perfectly reasonable purchase, but we need to consolidate in this range for a while before the assault on $250. If we get much higher, take some profit and get back in 4 or 5 dollars lower.

Wow, I sure called that one right. Maybe I'm starting to get the hang of this.

[fonzie]

Greece, euro zone creditors reach accord on loan

http://www.reuters.com/article/2015/02/20/us-eurozone-greece-idUSKBN0LO0O620150220

" Euro zone finance ministers reached an agreement on Friday to extend heavily indebted Greece's financial rescue by four months, officials on both sides said.

"It's done. For four months," one said."

So i guess that the fake Cyprus Greece pump for BTC is now delayed? 

[ChartBuddy]

Coin
Explanation

[cheekychap]

do you guys think a rise to above $500 is possibble this year?

I think 450-650 is possible

I would say it is more likely to happen next year after the halving happens. Except for ATH , i don't see anything that would drive the price back up to that level.

[billyjoeallen]

Greece, euro zone creditors reach accord on loan

http://www.reuters.com/article/2015/02/20/us-eurozone-greece-idUSKBN0LO0O620150220

" Euro zone finance ministers reached an agreement on Friday to extend heavily indebted Greece's financial rescue by four months, officials on both sides said.

"It's done. For four months," one said."

Can kicked.

[Richy_T]

This is why it is so fascinating. The most logical thing for them to do is to default HARD on that debt, start from a clean slate, and we will all be vacationing in Greece next year due to the affordable prices. The Greeks are already in the worst case senario, it can't get much worse economically - the only place where it can get worse is that the Greke population may take a haircut on their savings by converting to Drachmas. If I was in charge of Greece, and I was brave enough, I'd default.

It would be nice to see a lot of countries defaulting on the grounds that their government can't be held to the debts of previous governments. Then perhaps we'd see an end to this whole government debt thing. Children should not be shouldered with the debt of their deadbeat ancestors.

[Fatman3001]

TLDR: Anyway, having lived under both neocon and socialist-Keynesian governments, I am now all for the latter, sorry.  I cannot understand how any country could believe that "austerity" is a good thing.  I would vote for Lula and Dilma again if I could.  I hope that the new Greece government can be as successful as Lula's -- in spite of not being led by a semi-illiterate mechanics worker...

I am with you. I think they did a good job.

Still I wonder, when people will realize, that there is no right or wrong. Most things are right at the right time.

A Keynesian government seems just right to increase overall living standards in emerging countries.

In the western world the main problem is not raising living standards, but over-consumption of scarce ressources.

Reading all these posts concerning Greece, I chose -on purpose- not to reply (especially to those colourful ones from BillyJoeAllen concerning his dreams of buying a Greek island that the government SHOULD sell; 'cause debt ... ).

The above comments are the essence of it all. That's what Syriza administration is looking for and they will -hopefully- manage to get it from the EU. The alternative scenario is (sadly) far worse and will cost a lot more to everybody.

Greece will just have to declare a full default and get back to 70s-80s financially - but that's EXACTLY what already happened the last 5 years with the current austerity measures; on the other hand other countries in line will probably follow "the new paradigm" and default to their own private monetary system. Bye Bye EU.

Besides, there are a couple of "good will" neighbours that will urge to "help" Greece in exchange for some space in the Aegean... Don't you love (geo)politics?

Anyway; today's the day. My bets are that they will figure it out peacefully.

Hmmm... I wonder what the outcome of today will be...  I think at best it will either be a temporary deal 4-6 months, or at worst that no deal was reached at all today and that they are back to the drawing board next week... for a more heightened and even closer to the 28th drama filled negotiations.
 

No deal will be reached today. EU is consensus driven, and they don't even agree with themselves about what they should agree on. The proposal Greece came up with was designed to provoke a no so that it would look like they had tried to be reasonable or simply to play the ball over to the germans. The germans want to be seen as the voice of reason and that the greeks are being impossible. But the greek offensive is turning the mood surprisingly efficiently.

I was wrong:

http://www.reuters.com/article/2015/02/20/us-eurozone-greece-deal-idUSKBN0LO21K20150220

[Specular]

Greek deal is reached (apparently - though we have had many false starts). Bitcoin is flat... interesting.

[arvindr]

Greek deal is reached (apparently - though we have had many false starts). Bitcoin is flat... interesting.

I wish that happens. Would be the best thing to happen to bitcoin.

[okthen]

Greek deal is reached (apparently - though we have had many false starts). Bitcoin is flat... interesting.

It's so funny to watch. Syriza was all like "we're getting out of the Euro, blablabla".
What did they get? An extension which would have been granted to any political party who would have won.
A change of name for the Troika, so that they can brag to the Greek citizens.
Ridiculous.

[Fatman3001]

Greek deal is reached (apparently - though we have had many false starts). Bitcoin is flat... interesting.

It's so funny to watch. Syriza was all like "we're getting out of the Euro, blablabla".
What did they get? An extension which would have been granted to any political party who would have won.
A change of name for the Troika, so that they can brag to the Greek citizens.
Ridiculous.

We'll see. They only have 4 months to find a more permanent solution.